NRG CEO David Crane to Detail Economic Impact of Transportation Electrification April 8 10AM at National Press Club

WASHINGTON - On Thursday, April 8, at 10:00 a.m. in the National Press Club's Zenger Room, NRG Energy President & CEO David Crane, a member of the Electrification Coalition (EC), will release the results of a detailed macroeconomic analysis of the EC's Electrification Roadmap.

The Roadmap, released last November, detailed the dangers of oil dependence, explained the benefits of electrification, described the challenges facing electric cars, and provided specific policy proposals to overcome those challenges. The EC is a nonpartisan, not-for-profit group of business leaders committed to promoting policies and actions that facilitate the deployment of electric vehicles on a mass scale, in order to combat the economic, environmental, and national security dangers caused by our nation's dependence on petroleum.

  WHO: David Crane, President & CEO, NRG Energy

  WHAT: Speech releasing findings of macroeconomic study on electrification

  WHERE: National Press Club
  Zenger Room
  529 14th Street, N.W.
  Washington, D.C.

  WHEN: Thursday, April 8, 2010

  TIME: 10:00 a.m.

Shortly after completing the Roadmap, the Coalition commissioned the Interindustry Forecasting Project at the University of Maryland and Keybridge Research to study the long-term economic effects of their policy proposals. This expert modeling team collectively has decades of experience building and performing simulation studies with large-scale econometric models and conducting public policy research on energy and macroeconomic issues. The goal was to produce a detailed, sober analysis based on conservative, realistic assumptions spanning the next 20 years.

The Electrification Coalition is a nonpartisan, not-for-profit organization committed to promoting policies and actions that will facilitate the deployment of electric vehicles on a mass scale in order to combat the economic, environmental, and national security vulnerabilities caused by our nation's dependence on petroleum.